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Responses to the IVSC consultation on its future agenda

08 Feb 2018

In May 2017, the International Valuation Standards Council (IVSC) launched a consultation to gain feedback on the topics that IVSC should address as part of its current agenda and additional topics that stakeholders think should be priorities or added to IVSC’s agenda. The IVSC has now made available a report on the responses received as well as the individual responses.

Most respondents commented that they largely agreed with the prioritisation of the topics discussed in the consultation document and the suggested categorisation of critical, medium term, or long term, even though some respondents expressed priority for different topics.

The following points were also raised:

It was considered to be at least a challenging schedule to address all the items categorised as "critical" by the IVSC in the prescribed 0-2 years for critical items.

It was also suggested that the IVSC should also supply implementation guidance.

It was noted that the IVSC is suggesting to also address valuation issues that relate to recently issued IFRSs or to projects that are currently on the IASB work plan — for these it was suggested that the IVSC contribution may be more effective if it was made within the context of the IASB work streams.

Please click to access the full report on the IVSC website. The individual responses can be accessed here.

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